The Head and Shoulders pattern signals a bearish reversal. It has three peaks
1. Left Shoulder: First peak, then a drop. 2. Head: Higher peak, then a drop. 3. Right Shoulder Lower peak similar to left shoulder, then a drop. 4. Neckline A support line connecting the lows after the shoulders.
How to Trade
- Entry Go short when the price breaks below the neckline. - Stop Loss Place above the right shoulder or head. - Target Measure the head-to-neckline distance and project it downward from the neckline break.
The Inverse Head and Shoulders is a bullish reversal pattern with three troughs: the left shoulder, head (lowest), and right shoulder. Key features:
1. Left Shoulder: First trough in a downtrend. 2. Head: Lowest trough. 3. Right Shoulder: Third trough, similar to the left. 4. Neckline: Resistance line connecting rally highs. Breakout above it confirms the pattern. 5. Volume: Declines during formation, spikes on breakout.
How To Trade - Look for three troughs with the head as the lowest. - Confirm breakout above the neckline with rising volume. - Price target = head-to-neckline distance projected upward from breakout.
Upcoming Key Economic Events & Market Impact – April 1st to April 4th
Tuesday, April 1st
🔹 7:00 PM – ISM Manufacturing PMI
Forecast: 49.5|Previous: 50.3
Market Impact:If the data is weaker than expected, USD may weaken, and safe-haven assets like gold and Bitcoin could see buying interest.
🔹 JOLTS Job Openings
Forecast: 7.69M | Previous: 7.74M
Market Impact: A decline in job openings may signal economic slowdown, negatively affecting USD and stocks but supporting crypto and gold.
Wednesday, April 2nd
🔹 5:15 PM – ADP Non-Farm Employment Change
Forecast: 118K | Previous: 77K
Market Impact: A strong reading could push USD higher and pressure crypto, while a weak number may boost Bitcoin and risk assets.
Thursday, April 3rd
🔹 5:30 PM – Unemployment Claims
Forecast: 225K | Previous: 224K
Market Impact: Higher claims suggest a weakening job market, which could support crypto and gold while putting pressure on stocks and USD.
🔹 7:00 PM – ISM Services PMI
Forecast: 53.0 | Previous: 53.5
Market Impact: A strong reading favors USD and stocks, while a weaker number could fuel demand for Bitcoin and other risk-off assets.
Friday, April 4th
🔹 5:30 PM – Average Hourly Earnings (m/m)
Forecast: 0.3% | Previous: 0.3%
Market Impact: Rising wages can lead to inflation fears, strengthening USD and hurting crypto. A lower reading may weaken USD.
🔹 Non-Farm Employment Change
Forecast: 137K | Previous: 151K
Market Impact: A strong report boosts USD and stocks, while a weak number could support Bitcoin and gold.
🔹 Unemployment Rate
Forecast: 4.1% | Previous: 4.1%
Market Impact: Any unexpected change here can drive volatility in all markets.
🔹 8:25 PM – Fed Chair Powell Speaks
Market Impact: If Powell hints at more rate hikes, USD will strengthen, and crypto may dip. If he suggests easing, risk assets like Bitcoin and stocks could rally.
These events can significantly influence financial markets.
This chart is on the weekly timeframe, showing that DOGS coin is trading in a falling wedge pattern, which is generally a bullish pattern (price is expected to go up).
🚀 Breakout Incoming DOGS coin is close to a breakout, which indicates a possible price reversal.
🎯 Possible Price Targets:
Target 1: $0.00059 → This could act as the first resistance level.
Target 2: $0.00085 → This is a medium-term target.
Target 3: $0.001150 → This is the highest price target.
🔥 If DOGS continues recovering, we may see a breakout, pushing the price toward these targets. ⚠️ If DOGS fails to hold the support zone, price recovery might be delayed.
Bitcoin is in the final stage of the bullish cycle, and we want to look for the best price to sell and prepare for the 2025/2026 bear market! The best price to sell Bitcoin is at the 1.618 FIB extension or at the main long-term 2017-2021-2025 trendline. This is exactly at 122,069, as we can see on the chart.
Many people are saying that it's over for Bitcoin and that Trump's post was a giant trap. I think we will see a final 2 waves on Bitcoin to form an ending diagonal wedge pattern (1-2-3-4-5). Bitcoin is in wave 3.
I am also bullish because of the 50-week moving average. Historically, Bitcoin reacted to this MA very precisely. I always recommend using simple moving averages with 20, 50, 100, and 200 periods because this is what the big players are using as well. These MAs are very popular among giant institutions, banks, and investors.
I think a huge altseason should kick in anytime soon now because Ethereum is very undervalued, and BTC.D needs a break as well. ETH could be a much better choice for the final 2025 pump.
Market Sentiment & Altseason Index Update – March 4, 2025
The market is deep in Extreme Fear, with the Fear & Greed Index sitting at just 15. Yesterday, sentiment was slightly better at 33 (Fear), but last week, it was already in Extreme Fear (25). A month ago, the market was in Greed (60), highlighting how drastically sentiment has shifted.
At the same time, the Altseason Index has dropped to 24, confirming that we're officially in Bitcoin Season. This means Bitcoin is currently outperforming most altcoins. Just recently, the index had reached 75, signaling a strong Altcoin Season, but the shift toward Bitcoin dominance suggests a major rotation in the market.
Right now, fear is gripping investors, and altcoins are losing ground. Historically, such extreme fear often leads to opportunities for those who position themselves wisely. Stay sharp—these are the moments where patience and strategy matter most.
The Bullish Bat and Bearish Bat are harmonic patterns used in technical analysis to predict potential reversals in the market. These patterns are part of the family of harmonic patterns, which are based on Fibonacci retracement and extension levels.
Bullish Bat Harmonic Pattern
Definition: it is a reversal pattern that indicates a potential bullish reversal after a downtrend. It is characterized by specific Fibonacci retracement and extension levels Characteristics: 1. Point X to A: The initial move (X to A) is a significant downtrend. 2. Point A to B: The price retraces to point B, which is typically a 38.2% to 50% retracement of the XA leg. 3. Point B to C: The price moves down again, but not as low as point A. Point C is typically a 38.2% to 88.6% retracement of the AB leg. 4. Point C to D: The price moves up again, forming the final leg of the pattern. Point D is typically a 161.8% to 261.8% extension of the BC leg and a 88.6% retracement of the XA leg.
Entry: Traders typically look to enter a long position at point D, with a stop-loss just below this point. The target is usually set at the 38.2% or 50% retracement of the AD leg.
Bearish Bat Harmonic Pattern
Definition:It is a reversal pattern that indicates a potential bearish reversal after an uptrend. It is the inverse of the Bullish Bat pattern.
Characteristics: 1. Point X to A: The initial move (X to A) is a significant uptrend. 2. Point A to B: The price retraces to point B, which is typically a 38.2% to 50% retracement of the XA leg. 3. Point B to C: The price moves up again, but not as high as point A. Point C is typically a 38.2% to 88.6% retracement of the AB leg. 4. Point C to D: The price moves down again, forming the final leg of the pattern.Point D is typically a 161.8% to 261.8% extension of the BC leg and a 88.6% retracement of the XA leg. Entry: Traders typically look to enter a short position at point D,with a stop-loss just above this point.The target is usually set at the 38.2% or 50% retracement of the AD leg. $ETH $BNB $SOL #BinanceLaunchpoolRED #BinanceAlphaAlert #TraderProfile
Characteristics: 1. Pattern Structure: - OX Leg: The initial leg (OX) is the first move in the pattern. - Retracement: The price retraces between 88.6% to 113% of the OX leg. - Point C: This is the potential entry point for a buy trade.
2. Entry Point: - Buy at C: Traders typically enter a long position at point C, which is after the retracement between 88.6% to 113% of the OX leg.
3. Take Profit: - The take profit level is usually set at the 113% to 161.8% retracement of the OX leg. This is where the price is expected to reverse or continue in the direction of the initial trend.
4. Stop Loss: - The stop loss is generally placed just below the entry point (point C) to minimize potential losses if the trade goes against the expected direction.
Bearish Shark Harmonic Pattern
Characteristics: 1. Pattern Structure: - OX Leg: The initial leg (OX) is the first move in the pattern. - Retracement: The price retraces between 88.6% to 113% of the OX leg. - Point C: This is the potential entry point for a sell trade.
2. Entry Point: - Sell at C: Traders typically enter a short position at point C, which is after the retracement between 88.6% to 113% of the OX leg.
3. Take Profit: - The take profit level is usually set at the 113% to 161.8% retracement of the OX leg. This is where the price is expected to reverse or continue in the direction of the initial trend.
4. Stop Loss: - The stop loss is generally placed just above the entry point (point C) to minimize potential losses if the trade goes against the expected direction. $SOL $XRP $BTC
Characteristics: 1. Pattern Structure: - The pattern starts with the initial leg (OX), followed by a retracement. - The price retraces between 113% to 161.8% of the OX leg. - The AB leg is retraced between 161.8% to 224%. - The BC leg retraces 50%.
2. Entry Point: - Buy at D: Traders typically enter a long position at point D, which is after the retracement of the BC leg.
3. Take Profit: - The take profit level is usually set at the 113% to 161.8% retracement of the OX leg. This is where the price is expected to reverse or continue in the direction of the initial trend.
4. Stop Loss: - The stop loss is generally placed just below the entry point (point D) to minimize potential losses if the trade goes against the expected direction.
Bearish 5-0 Harmonic Pattern
Characteristics: 1. Pattern Structure: - The pattern starts with the initial leg (OX), followed by a retracement. - The price retraces between 113% to 161.8% of the OX leg. - The AB leg is retraced between 161.8% to 224%. - The BC leg retraces 50%.
2. Entry Point: - Sell at D: Traders typically enter a short position at point D, which is after the retracement of the BC leg.
3. Take Profit: - The take profit level is usually set at the 113% to 161.8% retracement of the OX leg. This is where the price is expected to reverse or continue in the direction of the initial trend.
The U.S. government is shifting its stance on cryptocurrency. On March 7, 2025, President Donald Trump will hold the first White House crypto symposium, bringing together industry leaders, investors, CEOs, and government officials.
Despite his past criticism of Bitcoin and other digital currencies, this event marks a significant shift in Trump's approach. The summit will feature key figures from the digital asset sector, including members of the President's Working Group on Digital Assets. Venture investor David Sacks will lead the event, with Bo Hines serving as the working group's executive director.
FOX Business reporter Eleanor Terrett confirmed the summit, announcing it via an X post on Friday, March 7. The gathering could signal a potential policy shift on cryptocurrencies, as many industry players have been pushing for clearer regulations. Discussions are expected to focus on regulation, innovation, and the economic impact of digital assets.
A New Perspective on Crypto
During his first term, Trump was skeptical of Bitcoin, labeling it a fraud in 2019. However, his decision to host this symposium suggests a more open stance. While no official policy changes have been announced,the event indicates a possible shift in direction.
In contrast, the Biden administration has enforced stricter regulations on crypto exchanges and compliance. If Trump adopts a more supportive approach, the U.S. could become a more business-friendly environment for crypto companies.
Trump's Business Ventures in Crypto
Beyond politics, the Trump Organization is also exploring digital assets. The company recently filed a trademark application for "TRUMP" to launch an NFT and metaverse trading platform, reflecting Trump's belief in blockchain's potential.
The upcoming event in Washington, D.C. is expected to attract significant attention.this summit could be a pivotal moment for the U.S. digital asset industry.
Cup and Handle:Typically a bullish continuation pattern. Look for a breakout above the handle for a long entry.
Characteristics: 1. Cup Formation: The price forms a rounded bottom, resembling a "U" shape. This indicates a period of consolidation and accumulation. 2. Handle Formation: After the cup, there is a smaller downward drift or consolidation, forming the "handle." This is typically a shorter and less volatile movement. 3. Volume: Volume tends to decrease during the formation of the handle and increase during the breakout. 4. Duration: The cup can take several weeks to months to form, while the handle usually forms over a shorter period.
How To Trade Entry: Enter a long position when the price breaks above the resistance level formed by the top of the cup. Stop-Loss: Place the stop-loss just below the handle's lowest point. Target: The target can be estimated by measuring the depth of the cup and projecting that distance upward from the breakout point.
Rounding Top Pattern Rounding Top: Typically a bearish reversal pattern. Look for a breakdown below the support for a short entry.
Characteristics: 1. Shape: The price forms a rounded top, resembling an inverted "U" shape. This indicates a period of distribution and potential reversal. 2. Volume: Volume tends to decrease as the pattern forms and may increase during the breakdown. 3. Duration: The pattern can take several weeks to months to form.
How To Trade Entry: Enter a short position when the price breaks below the support level formed by the bottom of the rounding top. Stop-Loss: Place the stop-loss just above the highest point of the rounding top. Target: The target can be estimated by measuring the height of the pattern and projecting that distance downward from the breakdown point. $XRP $BNB $SOL #BinanceAlphaAlert #TraderProfile #InfiniHacked #SaylorBTCPurchase